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Yâall may want to check your facts. Hector Tobar wrote an article in the LA Times where Rosemary admits that she stopped paying her mortgage for TENMONTHS!

Her story was fishy from the get-go. Sheâs the sole owner on the deed paying $400K for a house in 2005 (near the height of the frenzy) on a repâs salary at EDD (somewhere around $60k). She was in way over her head on this purchase.

Then, we are supposed to believe that a bank foreclosed on her house, now worth only $260K, when she was only two weeks late on a single payment? Why in the world would a bank want to foreclose on a home that far underwater if the homeowner was still agreeing to pay? They wouldnât.

This is no story about fascism, conspiracies, or corporate greed.

This is a story about a woman caught up in the exuberance of a soaring housing market in 2005, who made some bad choices, and is now reaping what she sowed.

ABOUT US: ReFUND California is a coalition of organizations throughout California committed to exposing the unfairness of the state’s current economic reality and engaging in public campaigns to force the changes that are necessary.